Torchlight Energy Resources Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

Torchlight Energy Resources, Inc. (Torchlight) is an energy company. The Company is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company is primarily focused on the acquisition of early stage projects, the development and delineation of these projects, and then the monetization of those assets once these activities are completed. Torchlight has interests in four oil and gas projects: the Orogrande Project in Hudspeth County, Texas; the Hazel Project in Sterling, Tom Green, and Irion Counties, Texas; the Winkler Project in Winkler County, Texas, and the Hunton wells in partnership with Husky in Central Oklahoma. The Company operates its business through its subsidiaries, including Torchlight Energy, Inc., Torchlight Energy Operating, LLC, Hudspeth Oil Corporation, Torchlight Hazel, LLC and Warwink Properties, LLC.

Closing Price
$1.37
Day's Change
-0.10 (-6.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.46
Day's Low
1.30
Volume
(Light)
Volume:
8,131,819

10-day average volume:
10,502,486
8,131,819

Zoom Video's stock gains after Mizuho analyst's bullish call ahead of 'key catalyst' next week

7:09 am ET October 9, 2020 (MarketWatch)
Print

Shares of Zoom Video Communications Inc. (ZM) gained 0.9% in premarket trading, after Mizuho analyst Siti Panigrahi's bullish call, ahead of the videoconference software company's analyst day next week, which Panigrahi said is likely to be a "key catalyst." He started coverage of Zoom Video with a buy rating and stock price target of $550, which is 15% above Thursday's closing price of $478.55. "Zoom's meteoric rise during COVID-19 has been driven by uptake of its best-of-breed video conferencing tool, which became a global sensation almost overnight," Panigrahi wrote in a note to clients. "We believe Zoom can continue to deliver outsized revenue growth due to its position as a market leader, its global recognition, cross-sell opportunities, and its position in a growing and underpenetrated long-tail market." The stock has skyrocketed sevenfold (up 603%) year to date through Thursday, to Zoom Video's market capitalization to $136.1 billion, while the S&P 500 has edged up 6.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 09, 2020 07:09 ET (11:09 GMT)

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